LATEST NEWS

INSIDE THE MAGAZINE PLANSPONSOR OCTOBER/NOVEMBER 2019

MORE NEWS

PBGC Fiscal Year 2018 Report Highlights

The pension insurance organization says the financial condition of both its single employer and multiemployer insurance programs have improved, but the latter program is still projected to be insolvent by 2025.

Retirement Industry People Moves

Northern Trust adds industry veteran as director of public funds and Taft-Hartley plans; Edelman Financial Engines appoints former EBSA leader to board; Investment strategist joins FIA; and more.

Vanguard Partners on Offering HSAs to DC Plans

For Vanguard participants who elect to save in a HealthEquity HSA, Vanguard’s Retirement Readiness Tool technology will integrate their HSA information with their DC plan balance and other assets to give them a comprehensive view of their current and future retirement savings.

Investment Product and Service Launches

ABG Consultants selects Hand Benefits & Trust to establish a series of risk‐based CIFs; Russell Investments creates Income Model Portfolio strategies; Broadridge aligns with Tableau Software to deliver investment analytics; and more.

New Risk Assessment Required for DB Plans

ASOP 51 requires actuaries performing valuations for defined benefit plans to identify risks that, in the actuary’s professional judgment, may reasonably be anticipated to significantly affect the plan’s future financial condition, and Eric Keener, with Aon, says this may help plan sponsors avoid adverse actions.